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Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net loss $ (4,500,409) $ (2,733,620)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 4,017,415 3,072,015
Increase (decrease) in cash, cash equivalents, and restricted cash from changes in assets and liabilities:    
Other assets 188,449 (322,035)
Accounts payable and accrued liabilities 146,034 632,733
Due to affiliates 959,064 (165,096)
Net cash provided by operating activities 810,553 483,997
Cash flows from investing activities:    
Purchase of real estate   (78,830,878)
Additions to real estate (2,613,127) (92,249)
Net cash used in investing activities (2,613,127) (78,923,127)
Cash flows from financing activities:    
Proceeds from issuance of non-revolving mortgage debt   46,905,000
Proceeds from issuance of KeyBank Bridge Loans 1,980,368 24,500,000
Principal payments of KeyBank Bridge Loans   (6,026,593)
Debt issuance costs (70,496) (876,450)
Gross proceeds from issuance of common stock 1,919,474 15,512,031
Redemptions of common stock (15,300)  
Offering costs (173,112) (1,413,790)
Distributions paid to common stockholders (1,151,951) (867,806)
Distributions paid to Operating Partnership unitholders (2,690)  
Net cash provided by financing activities 2,486,293 77,732,392
Net change in cash, cash equivalents, and restricted cash 683,719 (706,738)
Cash, cash equivalents, and restricted cash, beginning of period 11,272,611 10,371,998
Cash, cash equivalents, and restricted cash, end of period 11,956,330 9,665,260
Supplemental disclosures and non-cash transactions:    
Cash paid for interest 2,573,761 445,144
Interest capitalized 30,029  
Debt issuance costs included in due to affiliates   289,735
Additions to debt issuance costs included in accounts payable and accrued liabilities 135,000  
Deposits applied to purchase of real estate   1,000,000
Acquisition costs included in due to affiliates   370,000
Additions to real estate facilities included in accounts payable and accrued liabilities 805,263  
Proceeds from issuance of common stock previously in accounts payable and accrued liabilities 73,900 228,000
Offering costs included in accounts payable and accrued liabilities or due to affiliates 241,360 497,988
Distributions payable 837,693 551,062
Redemptions of common stock included in accounts payable and accrued liabilities 48,600  
Issuance of shares pursuant to distribution reinvestment plan $ 565,651 $ 531,268